The application of blockchain in securities
I have seen your question. In which aspects can blockchain be applied? Below by the small series to answer for you
bitcoin is the first specific application of blockchain. It was proposed in a paper by one person or a group of people in 2008. Bitcoin uses blockchain to send digital messages to bitcoin, and the name of bitcoin is bitcoin, without the intervention of a third party middleman
However, bitcoin is not the only application of blockchain, as follows:
1. Financial field: the application of blockchain technology in the financial instry can eliminate the third-party intermediary link, realize the point-to-point direct docking, so as to greatly rece the cost and quickly complete the transaction payment
2. Internet of things and logistics: blockchain can also be naturally combined in the field of Internet of things and logistics. Through blockchain, we can rece logistics costs, trace the proction and delivery process of goods, and improve the efficiency of supply chain management
3. Public service: blockchain is closely related to people's proction and life in public management, energy, transportation and other fields, but the centralization of these fields also brings some problems, which can be transformed by blockchain
4. In the field of digital right: through blockchain technology, works can be authenticated to prove the existence of text, video, audio and other works, and ensure the authenticity and uniqueness of ownership
5. In the field of insurance claims, insurance institutions are responsible for fund collection, investment and claims settlement, and often have higher management and operation costs. Through the application of smart contract, there is no need for the applicant to apply or the insurance company to approve. As long as the claim conditions are triggered, the automatic claim settlement of the policy can be realized
6. Public welfare field: the data stored on the blockchain is highly reliable and tamperable, which is naturally suitable for social public welfare scenarios. The relevant information in the public welfare process, such as donation project, collection details, fund flow, recipient feedback, etc., can be stored on the blockchain, and can be made transparent and public, which is convenient for social supervision
the above is for your reference only, hope you can adopt it, thank you
financial field
blockchain has great potential application value in international exchange, letter of credit, equity registration, stock exchange and other financial fields. The application of blockchain technology in the financial instry can save the third-party intermediary link and realize the point-to-point direct docking, so as to greatly rece the cost and quickly complete the transaction payment
in the field of Internet of things and logistics, blockchain can also be naturally combined in the field of Internet of things and logistics. Through blockchain, we can rece logistics costs, trace the proction and delivery process of goods, and improve the efficiency of supply chain management. This field is considered as a promising application direction of blockchain
in the field of public service
blockchain is closely related to people's proction and life in the fields of public management, energy, transportation, etc., but the centralization of these fields also brings some problems, which can be transformed by blockchain. The decentralized and fully distributed DNS service provided by the blockchain can realize domain name query and resolution through the point-to-point data transmission service between nodes in the network. It can be used to ensure that the operating system and firmware of an important infrastructure have not been tampered with. It can monitor the status and integrity of the software and detect bad tampering, And ensure that the data transmitted by the system using the Internet of things technology has not been tampered with
in the field of digital right
through blockchain technology, works can be authenticated to prove the existence of text, video, audio and other works and ensure the authenticity and uniqueness of ownership. After the works are confirmed on the blockchain, the subsequent transactions will be recorded in real time to realize the full life cycle management of digital rights, and can also be used as a technical guarantee in judicial evidence collection
in the field of insurance
in terms of insurance claims, insurance institutions are responsible for fund collection, investment and claims settlement, and often have higher management and operation costs. Through the application of smart contract, there is no need for the applicant to apply or the insurance company to approve. As long as the claim conditions are triggered, the automatic claim settlement of the policy can be realized
public welfare
the data stored on the blockchain is highly reliable and tamperable, which is naturally suitable for social public welfare scenarios. The relevant information in the public welfare process, such as donation project, collection details, fund flow, recipient feedback, etc., can be stored on the blockchain, and can be made transparent and public, which is convenient for social supervision
it is an application case of bank blockchain in Hunan, you can check more information to understand
hope to help you.
digital currency: to improve the convenience of currency issuance and use, for example, the central bank plans to issue its own digital currency; Cross border payment and settlement: realize point-to-point transaction and rece intermediate costs; Bill and supply chain financial business: rece human intervention, rece costs and operational risks; Securities issuance and Trading: realize quasi real-time asset transfer and accelerate the speed of transaction clearing (European crowdfunding is a typical model); Customer credit investigation and anti fraud: rece the cost of legal compliance and prevent financial crimes.
The application of blockchain technology in the securities instry can increase the flexibility of securities issuance. Companies issuing securities can adopt smart contracts, and even issue securities 24 hours in an ideal state by setting the way and time of securities issuance
under the operation of smart contract, the buyer and the seller are automatically paired, and the settlement and clearing steps are automatically completed through the distributed digital registration system. The transaction records on the blockchain will not be changed casually, so the information entered has the effect of publicity in practice, so there will be no dispute about the confirmation of ownership in the stock exchange
in addition, blockchain technology makes the securities trading process more open and transparent. Through the blockchain technology, the securities instry does not need core institutions to operate and manage, nor does it need investment banks to underwrite, so as to achieve real point-to-point transactions, rece the illegal activities such as the black box operation and insider trading in securities trading, and realize the effective supervision of the securities instry